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SSC Sample Paper SSC (Group-C) Sample Test Paper-4

  • question_answer
    Which one of the following is most likely to occur if the Reserve bank of India lowers the Cash Reserve Ratio?

    A)  An Increase in aggregate savings

    B)  A rise in Budget Deficit

    C)  A rise in aggregate money supply

    D)  A rise in the use of credit cards

    Correct Answer: C

    Solution :

     Cash reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves with the Reserve Bank of India. If the central bank decides to increase the CRR the available amount with the banks comes down, and vice versa.


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